From the 2019 - 2022 bull run, the long drawn complex corrective phase is beginning to trace out a major A_B_C formation to complete its 5 impulse and 3 corrective wave.
We can expect wave (c) of Wave B to pan out a 5 wave structure If the reading is correct .
Given the current movement at the point of writing, wave iv (yellow) retraced 0.618% of wave iii and that wave c is 1.618 of wave a - meeting at almost the same place increases the probability of a wave v to the upside to complete wave B .
FCPO has an approximate 3 year high cycle positioned in 2025 which augment the possibility another up move .
We can expect wave (c) of Wave B to pan out a 5 wave structure If the reading is correct .
Given the current movement at the point of writing, wave iv (yellow) retraced 0.618% of wave iii and that wave c is 1.618 of wave a - meeting at almost the same place increases the probability of a wave v to the upside to complete wave B .
FCPO has an approximate 3 year high cycle positioned in 2025 which augment the possibility another up move .
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